CCL Products (India) Ltd - Stock Valuation and Financial Performance

BSE: 519600 | NSE: CCL | Tea/Coffee | Small Cap

CCL Products (India) Share Price

579.35 -9.35 -1.59%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on CCL Products (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

CCL Products (India) stock performance -

mw4me loader
P/E Ratio (SA):
65.19
Market Cap:
7,735.9 Cr.
52-wk low:
548.2
52-wk high:
750

Is CCL Products (India) Ltd an attractive stock to invest in?

1. Is CCL Products (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that CCL Products (India) Ltd is a average quality company.

2. Is CCL Products (India) Ltd undervalued or overvalued?

The key valuation ratios of CCL Products (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is CCL Products (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CCL Products (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of CCL Products (India):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CCL Products (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 18.3%16.8%16.6%17.4%13.5%13.8%21.6%13%9.4%11.4%-
Value Creation
Index
0.30.20.20.20.00.00.5-0.1-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6116726777078238098237959231,3351,357
Sales YoY Gr.-10%0.8%4.5%16.4%-1.7%1.7%-3.4%16.1%44.7%-
Adj EPS 65.86.47.57.59.717.611.79.212.28.9
YoY Gr.--2.5%9.8%16.7%0%29.6%82.1%-33.8%-21.3%32.2%-
BVPS (₹) 26.730.433.640.444.748.859.669.874.782.384.2
Adj Net
Profit
79.677.685.199.499.4129234155122162119
Cash Flow from Ops. 85.464.410755.572114-15.514021.254.4-
Debt/CF from Ops. 1.41.51.11.84.33.5-28.22.922.710.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.1%10.2%17.5%44.7%
Adj EPS 8.2%10.2%-11.7%32.2%
BVPS13.4%13%11.4%10.2%
Share Price 26.8% 16.5% 33.8% 3.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
24.320.42020.217.620.732.518.112.715.510.7
Op. Profit
Mgn %
22.419.721.32420.321.524.422.920.516.116.5
Net Profit
Mgn %
1311.512.614.112.115.928.519.613.212.18.8
Debt to
Equity
0.30.20.30.20.50.60.60.40.50.5-
Working Cap
Days
142133144154160172195231225195108
Cash Conv.
Cycle
98929510510910913517117114920

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.52%

Sales growth is good in last 4 quarters at 11.81%

Return on Equity has declined versus last 3 years average to 10.70%

Net Profit has been subdued in last 3 years -11.67%

Latest Financials - CCL Products (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 8.9 20.2
TTM Sales (₹ Cr.) 1,357 2,447
BVPS (₹.) 84.2 123.5
Reserves (₹ Cr.) 1,098 1,622
P/BV 6.88 4.69
PE 65.19 28.64
From the Market
52 Week Low / High (₹) 548.20 / 750.00
All Time Low / High (₹) 0.10 / 750.00
Market Cap (₹ Cr.) 7,736
Equity (₹ Cr.) 26.7
Face Value (₹) 2
Industry PE 92.6

Management X-Ray of CCL Products (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of CCL Products (India)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6116726777078238098237959231,335
Operating Expenses 4845445385386596406226137341,121
Manufacturing Costs89909010199106146166194264
Material Costs355412401380497459389357442733
Employee Cost 13141721232734384352
Other Costs 26283036404953525572
Operating Profit 128128140169164169200182189215
Operating Profit Margin (%) 20.9%19.0%20.6%24.0%20.0%20.9%24.4%22.9%20.5%16.1%
Other Income 1111430140713950
Interest 76476817161426
Depreciation 1391011111225273135
Exceptional Items 0000000000
Profit Before Tax 108114126153151179298210184204
Tax 35404454535359525636
Profit After Tax 7375829998125239159127168
PAT Margin (%) 12.0%11.1%12.1%14.0%11.9%15.5%29.0%20.0%13.8%12.6%
Adjusted EPS (₹)5.55.66.27.47.49.418.011.99.612.6
Dividend Payout Ratio (%)22%27%41%34%34%37%28%34%52%44%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3544054475385956497929289931,095
Share Capital 27272727272727272727
Reserves 3283784205115686227669029671,068
Minority Interest0000000000
Debt1109311498308361362323392494
Long Term Debt400018219321913211235
Short Term Debt1059311498127168143192280459
Trade Payables17347685417183344
Others Liabilities 6464676371148176196198185
Total Liabilities 5465966357059821,2131,3481,4661,6161,818

Fixed Assets

Gross Block297301351226234254626747773951
Accumulated Depreciation1221321421122335985116151
Net Fixed Assets175169209215212220567662656800
CWIP 0700213424977814744
Investments 139151151154158159159157157157
Inventories11412995137145145188250419413
Trade Receivables749092104125149216137120226
Cash Equivalents 534683918691731
Others Assets394884891217710411499146
Total Assets 5465966357059821,2131,3481,4661,6161,818

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 85641075572114-161402154
PBT 108114126153151179298210184204
Adjustment 1510101112-18-106-35913
Changes in Working Capital -5-129-55-3412-155-11-132-128
Tax Paid -32-47-38-53-57-59-53-25-39-35
Cash Flow From Investing Activity -40-23-77-22-240-13670-32-66-39
Capex -7-10-77-19-246-173-61-96-92-77
Net Investments 00000002-20
Others -33-120-3637131622839
Cash Flow From Financing Activity -43-44-30-3217030-52-58-7-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -16-12001825163-80-15-88
Interest Paid -2000000000
Dividend Paid -7-16-40-13-33-63-90-27-80-92
Others -18-1510-192142-264988179
Net Cash Flow 3-21128251-5215
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)22.3919.6719.2520.1117.2720.1733.1518.4413.2416.08
ROCE (%)2524.724.6526.7220.4619.1127.6317.6114.0514.63
Asset Turnover Ratio1.161.191.111.070.980.740.640.570.60.78
PAT to CFO Conversion(x)1.160.851.30.560.730.91-0.070.880.170.32
Working Capital Days
Receivable Days43444950516281815147
Inventory Days71656059626574100132114
Payable Days222319652534182119

CCL Products (India) Ltd Stock News

CCL Products (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of CCL Products (India) on 12-Apr-2024 16:59 is ₹579.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of CCL Products (India) stood at ₹7,735.9.
The latest P/E ratio of CCL Products (India) as of 12-Apr-2024 16:59 is 65.19.
The latest P/B ratio of CCL Products (India) as of 12-Apr-2024 16:59 is 6.88.
The 52-week high of CCL Products (India) is ₹750.0 and the 52-week low is ₹548.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CCL Products (India) is ₹1,357 ( Cr.) .

About CCL Products (India) Ltd

CCL Products (India) Limited, a listed public company limited by shares was founded in the year 1994 with the vision of creating only the finest and the richest coffee in the world. The company do business with integrity, commitment, customer orientation and an unwavering effort to maintain the highest quality standards in the industry. Its strong infrastructural backbone and a global client repertoire in several countries have led it to evolve into the largest instant coffee exporter in private labeling in the world.

On the manufacturing unit front, the company has state-of-the-art Soluble Instant Coffee Manufacturing. The plant is located at Duggirala Mandal, Guntur District, Andhra Pradesh, India. The company has the distinction of setting up India’s first Freeze. Dried Instant Coffee Manufacturing Plant in the year 2005 at this facility. With an emerging demand for its freeze dried coffee one more freeze dried unit has been put up at Kuvvakolli.

Meanwhile, Continental Coffee S.A is engaged in the manufacture of Instant/Soluble Agglomerated/granulated Coffee, as well as the supplying of Spray-Dried coffee, and Freeze Dried Coffee. The company has the ability to customize instant coffee, as per the customer requirements, from carefully chosen Arabica and Robusta coffee beans which are roasted and processed to perfection. In addition to 100% pure soluble instant coffee. Moreover, Ngon Coffee state-of-the-art Coffee Manufacturing Plant is located at Cu Kuin Industrial Complex, Cu Kuin District, Dak lak Province, Vietnam.

Business area of the company

The company is engaged in the production, trading and distribution of Coffee. The Company has business operations mainly in India, Vietnam and Switzerland countries

Products

  • Spray Dried Coffee Powder
  • Spray Dried Coffee Granules
  • Freeze Dried Coffee
  • Freeze Concentrated Liquid Coffee
  • Roast & Ground Coffee
  • Roasted Coffee Beans
  • Premix Coffee

Milestones

  • 1993: Inception of CCL
  • 1995: Production capacity of 3600 MTs
  • 2003: Enhanced capacity to 6000 MTs
  • 2005: India’s First instant coffee FD plant was set up
  • 2007: Second FD plant was set up with 4500 MTs
  • 2010: 3000 MTS granulations capacity plant at Switzerland was set up
  • 2012: Vietnam 10000MTs spray dried plant was set up
  • 2014: Continental Coffee Pvt. Ltd was set up
  • 2014: Reached a capacity of 14000MTs in spray dried
  • 2016: 15000 MTs premix plant was set up
  • 2019: 5000 MTs new FD plant at SEZ
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